NPCIL Seeks Offers for Small Nuclear Reactors to Replace Coal Plants

03 Jan 2025 CW Team

The Nuclear Power Corporation of India Limited (NPCIL) has invited industry proposals to establish 220 MW Bharat Small Reactors (BSRs) for captive use, aiming to replace coal-fired thermal power plants in steel, aluminum, copper, and cement industries. The BSRs are 220 MW Pressurized Heavy Water Reactors (PHWR) known for their excellent safety record and performance, designed to be compact and suited for industrial use. NPCIL’s statement emphasised that BSRs offer a sustainable solution for decarbonising industries that are difficult to electrify. They will also help industries reduce carbon emission-related taxes, enhancing their competitiveness in global markets. The government plans to deploy 40-50 such reactors over the next decade in collaboration with the private sector. This initiative is part of the 220 MW BSR program announced in the 2024-25 Union Budget by Finance Minister Nirmala Sitharaman. BSRs are a type of Small Modular Reactors (SMRs), a new class of nuclear reactors that can be built in specialised factories and assembled on-site. (ET)

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..